80 - iba

Hemanth Patwari (Article)     13 September 2016

Hemanth Patwari
 34 points

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I have gone through the section. The following points of the section werent clear to me and I require some clarification on it.

1. What if the residential property is alloted to two person of a family i.e husband and wife ?

2.In case of some flats left unsold in the project and taken for personal use/gifted/given to brokers instead of their commision . Will the deduction from profit granted to it ?

3.In case of partial defaults on any of the conditions laid down u/s 80IBA, will the deductions be on partial basis or is it that the deduction will be cancelled ?



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